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That is more than £40,000 higher than it was in 2012, when it stood at £107,236.

It means first-time homes are 5.5 times higher than the average salary. In 2012, prices were 4.2 times higher than the average salary.

Getting a house is becoming increasingly difficult for first-time buyers in Nuneaton and Bedworth (Image: PA)

It also means owning property across Nuneaton and Bedworth is increasingly out-of-reach for all but the best paid, and those with significant capital.

In 2014 the Bank of England introduced new curbs on lenders to try to cut back on risky mortgages - restricting banks and building societies from offering too many mortgages at more than 4.5 times the borrower’s income.

Since 2012 the ratio of wages to starter-house prices has increased by 28 per cent across England as a whole.

Nationally the average price for a home for new buyers went past £200,000 last year and now stands at £204,667.